EOG update: Michael Fitzsimmons at SeekingAlpha. Archived here. Summary:
- like virtually every O&G producer, EOG Resources had a tough Q2 and for the first time I can remember posted a big negative EPS number
- nonetheless, the company's fundamental operations and financial performance were impressive
- the company actually generated ~$194 million in FCF despite shut-in production and a $20/bbl realized price for oil
- in view of expectations for a dramatic comeback in Q3 and Q4, EOG is undervalued and could easily rise to $60/share for a 30% return
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OXY-Warrants
Hit an all-time low today: $3.00 even.
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For The Archives
That Cross-Country Trip
My recent trip from Grapevine, TX (DFW area) to Portland, OR, and then to Flathead Lake, MT, and then back home to Grapevine, TX.
Enterprise Rental car: a Ford Fiesta with 24,000 miles on it. Manufacturer / EPA:
- up to 27 mpg in city
- 37 mpg highway
Three legs:
- Departed Grapevine, TX, Tuesday evening, 8:15 p.m., July 28. Arrived Portland, OR, Thursday morning, July30, 10:00 a.m. 1,934 miles. Gained two hours, time zone changes.
- Departed Portland, OR, 4:00 a.m., Tuesday morning, August 4. Arrived Lakeside, MT (Flathead Lake), same day, 3:00 p.m. 566 miles. Lost one hour, time zone change.
- Departed Lakeside, MT, 1:00 p.m. Saturday, August 8. Arrived Grapevine, TX, Monday morning, 2:00 a.m., August 10. 1,867 miles. Lost one hour, time zone change,
Mileage (MPG):
- trip average: 41.11 miles per gallon (and drove the car hard, 80 mph or more, interstate-driving most of the way)
- best mileage from DFW to Portland, OR: 45.97 miles per gallon
- best mileage from Portland, OR, to Flathead Lake, MT: 40.43 pg
- best mileage from Flathead Lake, MT, to Grapevine, TX: 46.12 mpg
Stretch:
- best mileage on leg from DFW to Portland, OR: 45.97 miles per gallon -- Green River, UT, to Snowville, UT;
- best mileage on leg from Portland, OR, to Flathead Lake, MT: 40.43 pg -- Ritzville, OR, to St Regis, MT:
- best mileage on leg from Flathead Lake, MT, to Grapevine, TX: 46.12 mpg -- Tremonton, UT, to Moab, UT;
Tires: For The Record
I don't buy Goodyear tires, never have, never will.
Firestone emerged as an affordable tire brand with average performance options and average tread-mile warranties. ... By comparison, Goodyear averages $108 per tire for the same size, though it has a much great variety of performance options to choose from. -- reviews; July 9, 2018
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